1440 GRAND AVE

PID: 032823310113· 2 fields stubbed (see below)

Property Overview

Parcel ID032823310113

Lot Size9,148 sq ft (0.210 ac)

Lot Dimensions (est.)60 ft wide × 153 ft deep

Year Built1927

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerGRAND AVE APTS L.P

Assessed Value$1,329,800

Land Value$280,000

Building Value$1,049,800

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Saint Paul 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Saint Paul — 4d Affordable Housing Incentive ↗

Potential programs

Saint Paul STAR Grants & LoansMedium

Saint Paul's Sales Tax Revitalization (STAR) program provides grants and loans for commercial, mixed-use, and neighborhood improvement projects. Applications accepted annually.

Saint Paul — STAR Program ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Saint Paul open data for this parcel.

Neighborhood Profile

Macalester Groveland Community Council · Saint Paul

Median reported rent1,154/mo

Renter-occupied43.2%

Median home value$467K

Vacancy rate9.8%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 352

Zoning

RM2Medium-Density Multiple-Family Residential

Multi-family Residential 2 — medium-intensity apartment (5 stories max)

Typical Uses

·Mid-rise apartments
·Condominiums
·Assisted living
·Nursing homes

Max Height50 ft

Min Setbacks

Front

25 ft

Side

9 ft

Rear

25 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width50 ft

Buildable depth113 ft

Area~2,178 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 2,178 sqft buildable area.

Est. units

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1446 GRAND AVE	THOMAS R DISTAD CLAIRE F BISANZ DISTAD	SINGLE FAMILY DWELLING, PLATTED LOT	$296,900	50 ft
1434 GRAND AVE	GRAND AVE APTS L.P	APARTMENTS 7-19 RENTAL UNITS	$1,329,800	60 ft
1450 GRAND AVE	MARGARET J MCMAHON	SINGLE FAMILY DWELLING, PLATTED LOT	$431,100	90 ft
1430 GRAND AVE	MATTHEW THORNTON	SINGLE FAMILY DWELLING, PLATTED LOT	$467,600	110 ft
58 PASCAL ST S	DANIEL R POORMAN	SINGLE FAMILY DWELLING, PLATTED LOT	$400,400	149 ft
1426 GRAND AVE	JONATHAN KROHNFELDT	SINGLE FAMILY DWELLING, PLATTED LOT	$426,400	149 ft
62 PASCAL ST S	VIRGINIA C WEIL JASON WEIL	SINGLE FAMILY DWELLING, PLATTED LOT	$361,400	157 ft
54 PASCAL ST S	LUCO LLC	TWO FAMILY DWELLING - UP/DWN	$296,100	158 ft
1441 LINCOLN AVE	JULIA B SAND GEORGE A SAND	SINGLE FAMILY DWELLING, PLATTED LOT	$572,100	170 ft
1449 LINCOLN AVE	COLIN GERBER ELISSA BUTLER	SINGLE FAMILY DWELLING, PLATTED LOT	$893,400	180 ft

Stub notice: The following fields could not be fetched from live sources and are shown as "—": taxHistory, taxAmount. See README for details on which sources are live vs. stubbed.